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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Kim who wrote (145468)	8/14/2002 11:32:33 AM
From: GST	Respond to of 164684

Thanks Bob -- better tell it to Bill -- I never liked or owned the stock and started buying puts when the stock hit $199 (that is also the day I started posting here [I remember Bill scoffing at my posts because he claimed I did not know anything about the stock and just didn't "get it" <vbg>]). I rode the stock down to $86 dollars, then bailed even though I figured it was a $2 stock. Sarmad was posting here then and he stayed with it. $84 turned out to be the bottom of that move -- I don't know if Sarmad got hurt. Bill also scoffed at the idea that Glenn's analysis of amzn might be more accurate than the "pros" like HB and mother Mary Meeker. Glenn was right on but had a painful shorting experience while amzn was on the way up. The put premiums were always so high that it was really, really hard for me to make money on the trade even though I timed the steep sell-off perfectly (the timing was pure luck but I laughed till it hurt when I saw HB on the tube and figured if the stock hit his next target it would then drop like a stone). I still think it is $2 stock, Glenn still thinks it is a company with very poor prospects and Bill still thinks that none us "get it".